UBS ‘now out of the woods’

UBS ‘now out of the woods’
by Matthew Allen in Zurich,
February 4, 2014 - 16:48

Switzerland’s largest bank, UBS AG (NYSE:UBS), has ridden out the worst storm in its history after posting forecast-beating net profits of CHF3.17 billion ($3.5 billion) for 2013. It is well set to continue its good run, according to industry experts.

The bank appears finally to have shrugged off the turbulent past six years, which featured massive losses during the financial crisis, an embarrassing state bailout, a crippling tax evasion crackdown in the United . . .


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